Is It Worth Locking in 4%?

Is It Worth Locking in 4%?

4% yields look attractive. Are they?   Rate Environment   We are writing this on 11/2/2022 as markets await the 1pm CST FOMC (Federal Open Market Committee) statement followed by Chairman Powell’s press conference.  Another 75bps hike seems to be a given. ...
Is It Worth Locking in 4%?

Everything is a DCF

We are three quarters through 2022 and it’s been a tough year. We’ve weathered this market turmoil, but I’m fully aware being down ‘less’ is not something most investors view as a win.  Let’s recap what’s happened, while keeping our focus forward. The windshield...
Is It Worth Locking in 4%?

Built for Storms

We try to be consistent with these notes for transparency regarding the assets we’ve been trusted with.  Some of the notes are better than others.  I’m not claiming this note will be one of the good ones, but I do claim it to be an important one.  For some reason, I...

Greg Odens Everywhere

Paying a $39 million salary to LeBron is reasonable.  He’s going to bring the team tremendous value. He’ll stuff the stat sheet and fill the stands.  Is there risk he’s going to have a down year…sure, but he’s still LeBron. It is different than paying Greg Oden $39...